Improving Financial Literacy

• Cash Flow Forecasting • Techniques for Improving Cash Flow • Preparing a Business Plan to Secure Long-Term Cash Investment • Understanding the Difference Between Profit and Cash

The course tutor will take you through the fundamentals of financial management, giving you an understanding of financial terminology, how to prepare financial statements, how read and analyse accounts and financial statements, and most importantly how this information should be used in your decision-making and cash flow forecasting. Attendees will leave this training course with a better understanding of the basic principles of business finance and become more confident in addressing and understanding matters of a financial nature.

Course Content

Accounting principles and financial reporting

• Understanding common financial terminology
• Fundamentals of financial and management accounts
• Evaluating the companies’ performance

Understanding the key ‘Financial Statements’

• Statements of Financial Position (Balance Sheet)
• Statement of Profit or Loss Account (Profit and Loss A/C)
• Statement of Cash Flows (Cash Flow Statement)

Working Capital Management

• Understanding the difference between profit and cash
• Cash flow forecasting for business
• Techniques for improving cash flow
• Key working capital (short-term solvency ratios)

Management Accounts

• Importance of Management Accounts
• Typical Contents of Monthly or Quarterly management accounts

Preparing a Business Plan to secure long-term cash investment

• Investment techniques
• Equity funding
• Debt funding
• Management

Who Should Attend

• Managers holding non-finance roles in the organisation but whose job description requires budgetary management and delivery of KPI’s
• Managers who want to gain a greater insight into how the accounting results are compiled but who do not need detailed training in finance
• Manager/Executives with a reporting remit to the Board
• Other staff whose activities directly impact the revenue generation or cost incurrence of the organisation and who therefore need to understand ramifications of their actions
• Anyone looking for abetter insight into Financial and Management Accounts

Certification

On completion of this one-day training course, you will receive your Certificate of Attendance. Please note certificates are issued at the close of the training course to participants on completion of the course.

This course may qualify for CPD points. Please check directly with your association or awarding body to see how many points they will award.

Cost

An ‘Early Bird’ discounted rate of €495 is currently available. This training course normal rate is €595. Places are limited and are allocated on a first come first served basis. PLEASE NOTE THE EARLY BIRD RATE CLOSES 3 WEEKS PRIOR TO COURSE DATE. The course cost includes all course documentation and Certificate of Attendance.